Ambrose Evans-Pritchard
9th December, 2008
Posts Tagged ‘Financial crisis’
BIS warns of collapse in global lending
Posted by seumasach on December 10, 2008
Posted in Financial crisis | Tagged: Add new tag, economic collapse, failing banks, financial collapse, Financial crisis, stop the bailout | Leave a Comment »
Angry Americans protest against U.S. monetary policy
Posted by seumasach on November 24, 2008
23rd november, 2008
While leaders in Peru grapple with the financial fallout, Americans angry at the multi-billion dollar bailout plans are protesting in Washington. They say the U.S. Federal Reserve, far from helping solve the financial crisis, is taking money out of their pockets.
Posted in Financial crisis | Tagged: bailout, Financial crisis, stop the bailout | Leave a Comment »
Downturn Drags More Consumers Into Bankruptcy
Posted by smeddum on November 16, 2008
November 16, 2008
Downturn Drags More Consumers Into Bankruptcy
NewYorkTimes
By TARA SIEGEL BERNARD and JENNY ANDERSON
The economy’s deep troubles are pushing a growing number of already struggling consumers into bankruptcy, often with far more debt than those who filed in previous downturns.
Plummeting home values, dwindling incomes and the near disappearance of credit have proved a potent mixture. While all the usual reasons that distressed borrowers seek bankruptcy — job loss, medical bills, divorce — play significant roles, new economic forces are changing the calculus of who can ride out the tough times and who cannot. Read the rest of this entry »
Posted in Uncategorized | Tagged: Financial crisis | 1 Comment »
Brown Tempers Reform Goals
Posted by smeddum on November 11, 2008
Telegraph 11/11/08
It has been widely speculated that the G20 will fail to reach a substantial agreement this weekend. Undoubtedly any major measures such as pegging the dollar to the gold standard will be hampered
by the Bush Admin. Brown has been looking for large funds for the IMF, while Sarkozy has been seeking to reform this institution. The idea of seeking an early warning system is a little too late for some economies including the US and the UK. The meeting will perhaps put more money in the bailout pot but that will at the most only slow down the depression. The G20 will make clearer the direction of the currency issue which is really the key to whether or not the effects of neoliberalism and deregulation are to be tamed for the rest of the world and thus giving it more stability and ability to aid the fast ailing economies of the west.
Gordon Brown, would-be savior of the ailing global economy, has begun ratcheting down expectations for a speedy global response.
The U.K. government said Monday that definitive agreements about how to address the economic crisis weren’t likely to emerge from a leaders’ summit in Washington this weekend. Read the rest of this entry »
Posted in Uncategorized | Tagged: Financial crisis, new Bretton Woods | Leave a Comment »
Crise financière -Ajustement, mutation ou effondrement de l’Empire ?
Posted by seumasach on November 3, 2008
Thierry Meyssan
2nd November, 2008
Depuis l’été 2006, Thierry Meyssan pronostique l’effondrement des États-Unis à moyen terme suivi de leur dislocation. Ce point de vue —qui a fait beaucoup sourire— trouve aujourd’hui un début de confirmation : rien ne parvient à stopper la crise financière US qui se transforme en crise économique. Selon cet analyste, qui est politologue et non pas économiste, les sommets internationaux qui se succèdent aujourd’hui n’ont pas pour but de résoudre la crise, mais représentent une révolte des États vassaux pour réorganiser un système qui, bien qu’agonisant, continue à profiter aux États-Unis.
Posted in Financial crisis | Tagged: bailout, Financial crisis, G20 | Leave a Comment »
Financial crisis: This time is different
Posted by smeddum on November 2, 2008
This Time Is Different
WRITTEN BY STEPHEN LENDMAN
SUNDAY, 02 NOVEMBER 2008 10:13
by Stephen Lendman Atlantic Free Press
Whatever we know about today’s financial crisis. Think we know. Eventually will know in the fullness of time. This time is really different. In 1922, Henry Ford put it this way in his book titled “My Life and Work:” Read the rest of this entry »
Posted in Financial crisis | Tagged: Financial crisis, Voter fraud | Leave a Comment »
German banks don’t want to be bailed out.
Posted by seumasach on November 1, 2008
What is wrong with these Germans? Our banks have been accepting handouts for a year now. They understood that government handouts were necessary. not only to bankrupt the state treasury, but for the consolidation of an all- powerful oligarchy. What is it about that the Germans don’t understand? Can’t they see how indispensable Gordon’s plan is?
Merkel Urges German Banks to Tap Government Rescue Fund
Deutsche-Welle
1st November, 2008
German Chancellor Angela Merkel has urged banks to make use of a government bailout fund worth up to 500 billion euros ($637 billion) that few financial institutions have tapped so far.
Posted in Financial crisis | Tagged: bailout, financial collapse, Financial crisis | Leave a Comment »
Wall Street Journal Opinion: The Age of Prosperity Is Over
Posted by smeddum on October 27, 2008
OPINION OCTOBER 27, 2008
The Age of Prosperity Is Over
This administration and Congress will be remembered like Herbert Hoover.
By ARTHUR B. LAFFER Wall Street Journal
About a year ago Stephen Moore, Peter Tanous and I set about writing a book about our vision for the future entitled “The End of Prosperity.” Little did we know then how appropriate its release would be earlier this month. Read the rest of this entry »
Posted in Uncategorized | Tagged: economic crash, Financial crisis | Leave a Comment »
Brown: “Welfare reform will be intensified”
Posted by seumasach on October 27, 2008
“responsibility on people to do all they can to help themselves”
Well, the bankers have helped themselves: now it’s our turn.
Helene Mulholland
27th October, 2008
Gordon Brown will use a speech to business leaders to defend his economic plans. Photograph: Leon Neal/PA
Welfare reforms must be “intensified” to help deal with the fall-out from the looming recession, Gordon Brown will declare today.
Posted in Financial crisis | Tagged: Financial crisis, stop the bailout | Leave a Comment »
Musical Parody on US debt: “What a Ceiling!”
Posted by smeddum on October 26, 2008
Posted in Uncategorized | Tagged: Financial crisis, Music Video, parody, what a feeling | Leave a Comment »
The Age of Triumphalism is over
Posted by smeddum on October 26, 2008
The Age of Triumphalism is over
Americans are no longer in the mood to chase after distant evildoers.
By Andrew J. Bacevich LosAngelosTimes
October 26, 2008
All but lost amid the hullabaloo of the presidential campaign, the State Department recently dropped North Korea from its list of state sponsors of terrorism. Kim Jong Il pocketed a concession that even a year ago would have seemed unimaginable. The American people — feeling more threatened by Wall Street than by Pyongyang — managed barely a shrug. Read the rest of this entry »
Posted in Uncategorized | Tagged: bush, Election 2008, end of US empire, Financial crisis, McCain, new world order, Obama, public opinion | 1 Comment »
In These New Times 